You gotta love these guys

Yeah, Krugman is at it again.  The debt problems of this past decade was all Bush's fault.  Never mind that this has been a long term phenomenon and nothing he suggests doing is going to make it better.

Twenty years ago, the average American household’s debt was 83 percent of its income; by a decade ago, that had crept up to 92 percent; but by late 2007, debts were 130 percent of income.

Sure, debt is down.  That's because people are spending less, which is what they should be doing.  But Krugman wants the government to spend more.  This is where I disagree.  Spending and spending alone does not help.  In the sense that it increases debt without commensurate benefits, it makes the problem worse.

Spend money on wealth generation.  Not just to prop up aggregate spending.  Stimulus doesn't work.  Even Bush did that.  (remember the 300 dollar checks?)